Evertec, Inc. (NYSE:EVTC) Given Consensus Rating of “Hold” by Analysts

Evertec, Inc. (NYSE:EVTC) has earned an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $35.80.

EVTC has been the topic of several analyst reports. Wall Street Zen cut Evertec from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Zacks Research lowered shares of Evertec from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Morgan Stanley reduced their price objective on Evertec from $34.00 to $29.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 12th. Susquehanna reduced their target price on shares of Evertec from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Finally, Keefe, Bruyette & Woods cut their price target on Evertec from $44.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, November 10th.

Evertec Stock Performance

Shares of Evertec stock opened at $30.13 on Monday. The firm’s 50-day moving average is $29.45 and its 200 day moving average is $31.59. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 1.14 and a beta of 0.86. Evertec has a 1 year low of $26.72 and a 1 year high of $38.56. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.91 and a quick ratio of 2.91.

Institutional Investors Weigh In On Evertec

Several large investors have recently made changes to their positions in EVTC. State of New Jersey Common Pension Fund D increased its stake in Evertec by 27.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 75,467 shares of the business services provider’s stock worth $2,195,000 after acquiring an additional 16,052 shares during the last quarter. R Squared Ltd bought a new stake in shares of Evertec during the 4th quarter worth approximately $214,000. UBS Group AG lifted its position in shares of Evertec by 61.4% during the fourth quarter. UBS Group AG now owns 106,509 shares of the business services provider’s stock worth $3,098,000 after purchasing an additional 40,529 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Evertec by 133.3% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 22,900 shares of the business services provider’s stock valued at $666,000 after buying an additional 13,083 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Evertec by 1.1% during the fourth quarter. State of Alaska Department of Revenue now owns 35,161 shares of the business services provider’s stock valued at $1,022,000 after acquiring an additional 384 shares in the last quarter. 96.80% of the stock is owned by institutional investors.

Evertec Company Profile

Evertec, Inc (NYSE: EVTC) is a leading full‐service transaction processor in Puerto Rico, Latin America and the Caribbean. The company delivers integrated technology solutions for electronic payments, providing financial institutions, merchants and governments with secure and scalable platforms to accept, process and settle transactions across card, ATM, debit and digital channels. Headquartered in San Juan, Puerto Rico, Evertec supports both domestic and cross‐border payment flows, enabling clients to streamline operations and expand their digital commerce capabilities.

Evertec’s suite of services includes merchant acquiring, payment gateway connectivity, ATM and point‐of‐sale network management, and fraud prevention solutions.